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Privacy coins🚨 LATEST NEWS: Vitalik Buterin confirms that the Ethereum Foundation is reducing spending by 40% this year.#MyGateTradeStory
Buy 52,203 ETH, Bitmine Has Taken Control of 4.7% of the Global ETH Supply
Bitmine, through its official release, announced ownership of crypto assets, cash, and corporate investments totaling $10.7 billion as of Monday (6/22). This value is supported by 5,672,956 ETH worth $8.2 billion, after the company purchased an additional 52,203 ETH in the past week. Thanks to this move, Bitmine now controls 4.7% of the total global ETH supply and reaffirms its position as the number one Ethereum treasury in the world.
In addition to Ethereum holdings, Bitmine's portfolio also includes 205 Bitcoin, investments in Eightco Holdings and Beast Industries, and cash balances of $601 million. Bitmine Chairman, Thomas "Tom" Lee, explained that out of the total ETH owned, 4.7 million tokens have been allocated to staking programs through the institutional platform MAVAN. This asset allocation is projected to generate an annual return of $223 million to strengthen the company's long-term liquidity.
Tom Lee stated that the accumulation steps throughout 2026 are on the right momentum.
"The best future for crypto still lies ahead, in our view. Tokenization and rapid advances in AI are expected to drive exponential growth in demand for blockchain and decentralized crypto," he said.